If you’ve ever worked at a fast-growing startup, you’re probably familiar with the concept of “technical debt.” Code is scrappily thrown together so that the product can function. It’s done with the understanding that this debt will accumulate and eventually cause things to break if not addressed down the line.
First-principles thinking, or thinking from first principles, sounds a lot more complicated than it is. It’s simply a technique for approaching problems with a beginner’s mind. Instead of working within assumptions and what people around you “know” to be true, you do the hard work of figuring out what’s actually true and, thus, what’s truly... See more
People act like having a startup fail is the worst thing that can happen to you. And man, that's not even in the top 10. It's bad, I've done it, it's awful. It's really bad, but far worse is to be in a company that won't die, a zombie, undead company that you hate, but you can't leave. Oof, have I met people like that, and we're having a mental... See more
Marketing strategy: This is the work of positioning, story telling, status and affiliation. It’s understanding network effects, the user experience and the change we seek to make. Good marketing strategy overcomes just about everything else. Some of my books are about this.
Promotion : This is more tactical. It’s coupons and PR and perhaps... See more
So why wouldn't all founders start by engaging with users individually? Because it's hard and demoralizing. Sales gives you a kind of harsh feedback that "marketing" doesn't. You try to convince someone to use what you've built, and they won't. These conversations are painful, but necessary. I suspect from my experience that founders who want to... See more
Those who do lots of research, validate ideas, test many prototypes, and iteratively get to a product. This is a more technical and user-focused approach.
The other is where the product vision emerges fully-formed in the founder’s eye before it is brought to existence. Here, the founder zeroes in on their self... See more
There isn’t nearly enough emphasis on repeatability . As you move your way up through the different levels of product-market fit, what you’re really unlocking is repeatability — across demand generation, product development, customer satisfaction and unit economics. A startup hasn’t reached the upper levels of product-market fit until it has... See more
Little decisions compound and then anchor systems.
Our commitment to defending sunk costs keeps those systems long after they’re no longer serving a purpose.
Every day, we make decisions. These require effort, and there’s probably a finite amount of energy available for these focused choices.
That’s why our digital habits matter. Not to save us five or ten minutes a day, but to save us from a few hundred unimportant decisions that break our flow.
For example, if instead of trying to come up with a unique... See more